An error occured when trying to show the publication. Please check if JavaScript is enabled or try to update your browser.

Moncler Group | Annual Report 2024 Consolidated Financial Statements 398 Moncler Group | Annual Report 2024 Consolidated Financial Statements 399

The following tables summarise the weight of related-party

transactions on the Consolidated Financial Statements

as at and for the years ended 31 December 2024 and 2023:

EUR/000 31 December 2024

Revenue Cost of sales Selling expenses General and

administrative expenses

Total related parties 1,393(30,640)(2,818)(43,704)

Total Consolidated Financial Statements 3,108,924(682,367)(937,349)(351,656)

WEIGHT %0.0%4.5%0.3%12.4%

EUR/000 31 December 2024

Trade receivables Trade Payables Other current liabilities

Total related parties 383(11,783)(5,946)

Total Consolidated Financial Statements 326,382(540,914)(145,464)

WEIGHT %0.1%2.2%4.1%

EUR/000 31 December 2023

Trade receivables Trade Payables Other current liabilities

Total related parties 4,492(50,326)(7,334)

Total Consolidated Financial Statements 325,608(538,586)(152,912)

WEIGHT %1.4%9.3%4.8%

EUR/000 31 December 2023

Revenue Cost of sales Selling expenses General and

administrative expenses

Total related parties 1,399(33,417)(2,671)(39,593)

Total Consolidated Financial Statements 2,984,217(683,387)(868,062)(331,231)

WEIGHT %0.0% 4.9% 0.3% 12.0%

10.2 Stock-based compensation plans

The Consolidated Financial Statements at 31 December 2024

ref lects the values of the Performance Shares Plans approved

in 2020, 2022 and 2024.

The costs related to stock-based compensation plans

in 2024 are equal to EUR 47.0 million compared to EUR 40.0

million in 2023.

On 11 June 2020, the Ordinary Shareholders’ Meeting

approved, pursuant to Art. 114-bis of the Consolidated

La

w on Finance, the adoption of a Stock Grant Plan denominated

“2020 Performance Shares Plan” addressed to Executive

Directors, Key Managers, employees and collaborators, therein

including Moncler’s external consultants and of its subsidiaries.

The object of this plan is the free granting of the Moncler

shares in case certain Performance Targets are achieved at the

end of the vesting period of 3 years.

The Performance Targets are expressed based on the following

indexes of the Group in the vesting period, adjusted by the

conditions of over/under performance: (i) Net Income, (ii) Free

Cash Flow and (iii) ESG (Environmental Social Governance).

The proposed maximum number of shares serving the Plan

is equal to n. 2,000,000 resulting from capital increase and/or

allocation of treasury shares.

The above plan provides for a maximum of 3 cycles of

attribution; as regards the f irst attribution cycle, on 11 June 2020

the Board of Directors resolved the granting of 1,350,000

Moncler Rights. The second attribution cycle, approved during

2021, ended with the assignment of 463,425 Moncler Rights.

As regards the f irst allocation cycle the plan ended in 2023

and for further information please refer to 2023 Annual Report.

As regards the second allocation cycle:

•The 3-year vesting period ended with the approval

of the Draft Financial Statements as at 31 December 2023.

•The performance targets were met, together with the

over-performance condition. Therefore, n. 469,646 shares

(including n. 78,274 shares deriving from over-performance)

were assigned to the benef iciaries through a share capital

increase n 178281 shares and the allocation of treasury

shares n 291365 shares

As at 31 December 2024 there are no rights in circulation

the ef fect of the closed plans on the income statement in 2024

amounts to EUR 24 million

On 21 April 2022 the Ordinary Shareholders Meeting also

approved pursuant to Art 114bis of the Consolidated Law on

Finance the adoption of a Stock Grant Plan denominated 2022

Performance Shares Plan addressed to Executive Directors

Key Managers employees and collaborators therein including

Monclers external consultants and of its subsidiaries

The object of this plan is the free granting of the Moncler shares

in case certain Performance Targets are achieved at the end

of the vesting period of 3 years.

The Performance Targets are expressed based on the following

indexes of the Group in the vesting period, adjusted by the

conditions of over/under performance: (i) Net Income, (ii) Free

Cash Flow and (iii) ESG (Environmental Social Governance).

The proposed maximum number of shares serving the Plan

is equal to n. 2,000,000 resulting from allocation of treasury shares.

The above plan provides for a maximum of 3 cycles

of attribution. As regards the f irst attribution cycle, on 4 May

2022 the Board of Directors resolved the granting of 971,169

Moncler Rights. On 4 May 2023, executing the second attribution

cycle, the Board of Directors approved the assignment

of a maximum of 436,349 Moncler Rights.

As at 31 December 2024 there are still in circulation

863,727 rights related to the f irst cycle of attribution, whose ef fect

on the income statement in 2024 amounts to EUR 17.8 million

and 379,617 rights related to the second cycle of attribution, whose

ef fect on the income statement in 2024 amounts to EUR 9.8 million.

On 24 April 2024, the Ordinary Shareholders’ Meeting

approved, pursuant to Art. 114-bis of the Consolidated Law on

Finance, the adoption of a Stock Grant Plan denominated

“2024

Performance Shares Plan” addressed to Executive Directors,

Key Managers, employees and collaborators, therein including

Moncler’s external consultants and of its subsidiaries.

The object of the Plan is the free granting of the Moncler

shares in case certain Performance Targets are achieved

at the end of the vesting period of 3 years. The Performance

Targets are expressed based on the following indeces of

the Group in the vesting period, adjusted by the conditions

of over/under performance: (i) Net Income, (ii) Free Cash Flow

and (iii) ESG (Environmental Social Governance).

The proposed maximum number of shares serving the Plan is

equal to n. 2,000,000 resulting from allocation of treasury shares.

On 24 April 2024 the Board of Directors resolved the granting

of 1109219 Moncler Rights

As at 31 December 2024 there are in circulation 1051560

rights whose ef fect on the income statement in 2024 amounts

to EUR 145 million

As stated by IFRS 2 these plans are def ined as Equity Settled

For information regarding the performance share plans

described above please see the companys website

w w wmonclergroupcom in the GovernanceShareholders

Meeting section

Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024Moncler - Annual Report 2024
Powered by Fluidbook